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Posts Tagged ‘Chevy Volt’

GM Losing $49K On Every Volt Sold, Car Losing Lots Of Green

September 10, 2012

Nearly two years after the introduction of the path-breaking plug-in hybrid, GM is still losing as much as $49,000 on each Volt it builds, according to estimates provided to Reuters by industry analysts and manufacturing experts.

Cheap Volt lease offers meant to drive more customers to Chevy showrooms this summer may have pushed that loss even higher. There are some Americans paying just $5,050 to drive around for two years in a vehicle that cost as much as $89,000 to produce.

And while the loss per vehicle will shrink as more are built and sold, GM is still years away from making money on the Volt, which will soon face new competitors from Ford, Honda and others.

GM’s basic problem is that “the Volt is over-engineered and over-priced,” said Dennis Virag, president of the Michigan-based Automotive Consulting Group.

Governement Motors loses $49,000 on every Volt sold. Chevy Volt losing lots of green.

 

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Chevy Volt Production Halted Again,When Government Picks Winners And Losers They Usually Pick Losers

August 28, 2012

General Motors is halting, for a month, the manufacture of its well-known Chevrolet Volt extended-range electric car.

Automotive News, citing unnamed sources, reports the Detroit-Hamtramck plant will suspend production from Sept. 17 until Oct. 15.

Leaders of the UAW told the plant’s 1,500 union workers about the scheduled downtime last week, the source said.

It would be the second interruption in production for the Volt, which can go 38 miles on battery power before needing a recharge from its gasoline engine. GM late Monday disputed published reports that the move is because of slow Volt sales.

When Government picks winners instead of allowing the market to pick winner they usually pick Losers as surely as the Sun will shine..

Eye View Auto.. Chevy Volt Price Breakeven.. 27 Years

April 6, 2012

If you’re thinking about buying a fuel-efficient hybrid, electric or otherwise eco-friendly vehicle as a way to save money over time, do your homework — or be prepared to wait.

Buyers who choose Nissan’s all-electric Leaf ($28,421) over its approximate gas-powered equivalent, Nissan’s Versa ($18,640), will likely wait nearly 9 years until they break even, according to a new report by The New York Times that examines the cost of fuel efficiency.

For drivers of the Chevrolet Volt ($31,767), the wait is even longer— 26.6 years.

Chevy Volt break- even… wait for it…27 years, if you don’t run the ac..

 

NHTSA Reviewing Chevy Volt Fire, Considering Rules On Discharging Energy Source

November 12, 2011

Following a fire in a Chevrolet Volt several weeks after a crash test, government officials are weighing the need for new safety rules that could require first responders to drain electric vehicles’ batteries after a crash.

The National Highway Traffic Safety Administration said today it had investigated a fire that occurred this spring, after the Volt extended-range electric vehicle underwent a 20 mile-per-hour, side-impact test for its five-star crash safety rating. The crash punctured the Volt’s lithium-ion battery, and after more than three weeks of sitting outside, the vehicle and several cars around it caught fire. No one was hurt.

NHTSA is now reviewing the responses it has received from automakers and waiting for additional information from some carmakers as well. The official said it is too early to tell if the agency will issue a rule on discharging batteries.

NHTS considers rules on discharging energy source.. 

Eye View Auto, Chevy Volt Shocking New Owners

June 1, 2011

GM does not deny that Chevy dealerships are selling Chevy Volts to other dealerships, including a KIA dealership, for resale. At the same time, Peterson also touts the high demand for Volts claiming, “we don’t sell Volts at the moment – it’s almost like we deliver them.” By this statement, you wouldn’t know that sales for the Volt averaged a dismally low 425 per month for the first four months of the year. GM recently stated that they had the capacity to build at a pace of 17,000 per year. So, here’s a question for GM and Mr. Peterson: If demand is so high for the Chevy Volt, why would a Chevy dealership sell the vehicle to other dealerships, particularly when there are supposedly customers lined up to pay full price? The answer seems clear to me. GM is exaggerating the “high demand” for the Volt. And allowing dealerships to take the tax credit intended for consumers.
The meager demand for new Chevy Volts is based on dealers ordering new Volts for tax credit, unloading to other dealerships, and then selling to new Volt owners with a previously filed tax credit. More unintended consequences of government programs.Shocking

Chevy Sells 281 Volts In January, Way Over Charged

March 4, 2011

Peruse Chevrolet‘s February sales release, and you’ll notice one number that’s blatantly missing: the number of Chevy Volts sold. The number – a very modest 281 , but it certainly isn’t something that GM wants to highlight, apparently. Keeping the number quiet is a bit understandable, since it’s lower than the 321 that Chevy sold in January.

Nissan doesn’t have anything to brag about here, either (and it didn’t avoiding any mention of the Leaf sales in its press release). Why? Well, back in January, the company sold 87 Leafs. In February? Just 67. Where does that leave us? Well, here’s the big scorecard for all sales of these vehicles thus far:

  • Volt: 928
  • Leaf: 173

 The big questions, of course, revolve around one word: “Why?” Is ramping up production and deliveries still a problem? Is demand weak? Are unscrupulous dealers to blame? When will sales start to climb? And what are these numbers doing to plug-in vehicle work at other automakers? We don’t know all the answers.

Cocktail party  cars that costs over $40k. Way over charged. Only green part is the money…

  

  

 

 

Eye View Business, GE Buys 25,000 Chevy Volts, Tries To Put A Charge In GM Stock

November 12, 2010

GE said Thursday it will buy 25,000 electric vehicles for its fleet through 2015 in the largest-ever purchase of electric cars.

GE will begin with an initial purchase of 12,000 vehicles from General Motor Co., starting with Chevy Volt in 2011. The conglomerate said it “will add other vehicles as manufacturers expand their electric vehicle profiles.”

The first Chevrolet Volt is expected to roll off production lines later this month.

GE’s feeable  attempt to  put a charge in the  price of GM stock prior to Wall Streets initial public offering  of GM stock. Not much of a concept.